Archive for February, 2012

Five blocks up Blake from Coors Field, 11 brownstones with garages, rooftop decks, back on market at a steep discount

By Mark Samuelson

Even in trendy areas around Coors Field, builders overbuilt the LoDo market with condos and townhouses in 2008-09, and plenty of units would head back to the bank. But now, after a year that saw huge absorption, much of that Ballpark product is gone – meaning that 11 “urban brownstones” that developer Craft DeLay took back from the bank, each re-opening for sales tomorrow on Blake five blocks from the ballpark, with a 2-car attached garage and a rooftop deck – are stepping into a very different market.

Blake 27 Fri 2-24-12 Interior of 3-bedroom urban brownstone you can tour. Craft DeLay has eleven homes coming back on the market five blocks from Coors Field, all with 2-car attached garages and rooftop decks, all substantially reduced.

Prices for those 2-bedroom and 3-bedroom brownstones at Blake 27 now begin at $310,000…and top out at $508,000 for a couple of premium end units that have windows on three sides. When Craft DeLay began negotiations to get hold of Blake 27 from the original developer, the very least expensive was $477,800 and the top-priced unit was at $835,000. more »

Low inventory, gain in sales, suggest the bottom of Denver real estate market

A combination of continually falling inventories of homes and a rise in the number of January sales, year over year, suggests that Denver area homebuyers are looking at the bottom of the market, says Jack O’Connor, broker/owner of The Denver 100 Real Estate.

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Jack O’Connor, Broker/Owner The Denver 100

“We’ve already seen a yearly increase in value of around 4.7% for Denver area single-family homes in a range $250,000 and under,” O’Connor said in releasing the newest edition of his monthly ‘So How’s The Market’ report last week. more »

‘Community of the Year’ BackCountry draws big crowds to its wild expanse

By Mark Samuelson

The Community of the Year for the entire Denver Metro Area: Homebuyers are showing every sign that they already know that coveted award was won this year by BackCountry – Highlands Ranch’s final chapter unfolding against 8,200 acres of scenic open space.

Sundial BackCountry Sat cover 2-11-12
Sundial House, Gold Nugget award winning clubhouse, is luring large numbers of visitors behind BackCountry’s gates. Its Pikes Pub bar overlooks the 467-acre – South Rim.

And those buyers are arriving to see BackCountry in big numbers – up to 100 visitors a weekend despite the winter weather. more »

Save 50% on commission when you buy a home? This agent specializes in ‘easy buyers’ who do their own searching…

By Mark Samuelson

Anybody who has ever tried to sell a house knows that you’re nuts to try and do it without a real estate agent’s help. But how about if you’re BUYING a house? How about if you already know what you want…have done your own research on neighborhoods…and you know how much you can afford? Do you still need to pay an agent a full buyer’s commission (generally 2.8% of the closing price) to help, if all you really need is somebody to manage the paperwork?

Slice Realty Friday feature a shot 2-10-12
Slice Realty’s Tommy Lorden on Boulder’s Pearl Street Mall. Slice serves the Denver metro area, but can usually assist with a purchase anywhere in Colorado.

Jeremy Long and his wife were exactly those kinds of buyers; he writes computer code for a living and with his skills, would need very little help in any internet search. Using the ‘net, he also found licensed broker Tommy Lorden, founder of Buyer’s Slice Realty, who specializes in what agents consider to be the ‘easy ones’ – buyers that do most of the work for themselves, and are likely to purchase without a lot of unexpected problems. more »

Boulder Creek Builders, in Louisville and Longmont, hits pay dirt with low-maintenance ranches, townhomes

By Mark Samuelson

Two years ago, builder David Sinkey of Boulder Creek Builders was on the phone to the big Denver developers, trying to convince them to work some of his low-maintenance patio ranch designs into their large master-plans. Now a half dozen developers are talking with him, wanting to rub some of the same magic into their own communities that, just since November, attracted 18 sales in the $400s and $500s.

Boulder Creek Fri Business 2-3-12
Boulder Creek Builders’ David Sinkey shows his fast-selling patio ranch models at Steel Ranch in Louisville, showcasing stone elevations with rich cedar and copper trim, from the $4s.

You can see those sharp, traditionally styled patio models (from the low $4s) today at Steel Ranch in Louisville (they were packed with visitors when I toured Wednesday). more »

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